Retirement plan

MASSACHUSETTS CONTAINER CORPORATION AND CONNECTICU

Name: CONNECTICUT CONTAINER CORPORATION - MASSACHUSETTS CONTAINER CORPORATION AND CONNECTICU (2017) Form 5500
Creator: CONNECTICUT CONTAINER CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MASSACHUSETTS CONTAINER CORPORATION AND CONNECTICU, CONNECTICUT CONTAINER CORPORATION

CONNECTICUT CONTAINER CORPORATIONEIN 06-0610377Plan #003PY 2017

455 SACKETT POINT RD - NORTH HAVEN, CT 06473203-747-3034LinkedIn201-500 employees

Other plans on this EIN

2 filings

#001Retirement-$12.3M assets #002Retirement-$7.7M assets

Prospect flagsLow employer contributionCorrective distributions

Top hat statement on fileNQDC

Filed February 24, 1998

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$12.5M

+16.0% from 2016

Total participants

147

-2.0% from 2016

Average account balance

$88,372

+19.3% from 2016

Annual return

16.37%

+8.72 pp from 2016

Benchmarks

See 1,975 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,975 peers

Snapshot2017

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$15.92M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$78K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

204

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

75.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$783K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+11.31%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$100

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 10 of 13 by compensation

Provider	Service type	Compensation
HIGHTOWER ADVISORS LLC1 year Service code 27 · EIN 36-4500709	Advisory (Plan)	$13,549
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$5,001
AB FUNDS1 year Service code 52 · EIN 13-2625045	Indirect Investment Fees	$0
AMERICAN CENTURY1 year Service code 52 · EIN 44-6006315	Indirect Investment Fees	$0
AMERICAN FUNDS1 year Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
COLUMBIA1 year Service code 52 · EIN 41-1533211	Indirect Investment Fees	$0
DELAWARE INVESTMENTS1 year Service code 52 · EIN 23-2450217	Indirect Investment Fees	$0
HARRIS1 year Service code 52 · EIN 04-3276558	Indirect Investment Fees	$0
JANUS HENDERSON1 year Service code 52 · EIN 84-1202943	Indirect Investment Fees	$0
NATIXIS FUNDS1 year Service code 52 · EIN 04-3200027	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3D3H2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$5K

$37 / participant

Contract admin$5K91.8%
Other / not subdivided$4118.2%

% of EOY assets

0.040%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BLUM, SHAPIRO,AND COMPANY, P.C.
Auditor EIN: 061009205
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$88,372

$63,314+39.6%

$91,004-2.9%

$62,293+41.9%

Participation rate

95.5%

73.3%+22.2pp

75.6%+19.9pp

69.5%+26.0pp

Annual return

16.37%

21.00%-4.6pp

4.60%+11.8pp

28.90%-12.5pp

Employer contribution / active EE

$1,807-100.0%

$2,456-100.0%

$2,042-100.0%

Participant deferral / active EE

$4,697

$2,944+59.6%

$3,548+32.4%

$3,169+48.2%

Admin fee / account holder

$35

$468-92.4%

$5,417-99.3%

$479-92.6%

Provider

Service type

Compensation

HIGHTOWER ADVISORS LLC1 year

Service code 27 · EIN 36-4500709

Advisory (Plan)

$13,549

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$5,001

AB FUNDS1 year

Service code 52 · EIN 13-2625045

Indirect Investment Fees

AMERICAN CENTURY1 year

Service code 52 · EIN 44-6006315

Indirect Investment Fees

AMERICAN FUNDS1 year

Service code 52 · EIN 95-1411037

Indirect Investment Fees

COLUMBIA1 year

Service code 52 · EIN 41-1533211

Indirect Investment Fees

DELAWARE INVESTMENTS1 year

Service code 52 · EIN 23-2450217

Indirect Investment Fees

HARRIS1 year

Service code 52 · EIN 04-3276558

Indirect Investment Fees

JANUS HENDERSON1 year

Service code 52 · EIN 84-1202943

Indirect Investment Fees

NATIXIS FUNDS1 year

Service code 52 · EIN 04-3200027

Indirect Investment Fees

MASSACHUSETTS CONTAINER CORPORATION AND CONNECTICU

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MASSACHUSETTS CONTAINER CORPORATION AND CONNECTICU

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion